Valeura Energy details near-term production and acquisitions

Special purpose vehicle (SPV) interest

Valeura has increased its ownership of the SPV subsidiary company, Valeura Energy Asia, from 85 to 87.5 per cent thanks to its cumulative cash contributions to the vehicle.

The company conducts all of its Thailand business through the vehicle.

Wassana oil field

Valeura is confirming the recertification of its mobile production unit, Ingenium, enabling its ongoing use as the production and processing facility for crude oil from the Wassana oil field on Licence G10/48, offshore Gulf of Thailand.

Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play. 

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